International
Weaker demand will aid gradual oil market rebalancing
Slower global growth and demand destruction will dampen demand-side pressures and help to rebalance the oil market
InternationalWage-price spiral risks should moderate in the West
High inflation is fuelling inflation expectations and wage demands, increasing the risk of a wage-price spiral
InternationalSupply chains will dominate the US trade agenda
US trade plans are solidifying eighteen months into the Biden administration amidst a deteriorating global economy
InternationalCentral bankers largely see business-as-usual resuming
The UBS central bank survey sees inflation easing, and sees Western sanctions on Russia having little impact elsewhere
InternationalServices activity will increasingly diverge worldwide
The services PMIs showed China and Japan recovering after reopening in June but euro-area activity slowing markedly
InternationalMeta's Novi closure fuels stablecoin decline
Meta has decided to shut down its Novi cryptocurrency digital wallet app
InternationalGlobal manufacturing growth will slow
The global manufacturing PMI edged lower in June as China’s rebound offset weaker activity elsewhere
InternationalProspects for the global economy to end-2022
Higher inflation and rates will raise the cost of living, deter consumption and investment and dampen global GDP growth
International
